Ford (NYSE: F) Selects Sunrun (NASDAQ: RUN) To Be The “Preferred Installer” Of Home Charging Systems For Its New EV F-150 Lightning Electric Truck — First Time A Truck Manufacturer Has Chosen An Official EV Installer; Solar Inte-grated Roofing Corp. (OTC PINK: SIRC) Active In Home And Commercial EV Charging Station Industry
In a major marketing move, Ford (NYSE: F) has become the first truck manufacturer to choose a “preferred installer” of an EV Charging System in the home for its new EV F-150 Lightning Electric Truck. It picked Sunrun (NASDAQ: RUN) and It marks the first time an OEM vehicle company has selected a preferred partner for installation of its home charging system titled, “Ford Intelligent Backup Power,” including access to selling solar and storage systems, as well. It is seen by Wall Street analysts as the forerunner of future strategic partnerships between auto companies and EV/Solar installers in the future. Sunburn (NASDAQ: RUN) stock traded at $44.84 in after hours trading last night. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is active In the home and commercial EV Charging Station Industry.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Ford (NYSE: F), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Ford Selects Sunrun (NASDAQ: RUN) To Be The “Preferred Installer” Of Home Charging Systems For Its New EV F-150 Lightning Electric Truck — The First Time A Manufacturer Has Chosen An Official EV Installer; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Active In Home And Commercial EV Charging Station Industry
Sunrun (NASDAQ: RUN) was selected by Ford (NYSE: F) for a critical role to protect its No. 1-selling pickup truck F-150. The model is top-seller in the gas model, now it is moving to the Lightning electric model — and is expected to begin deliveries in mid-2022. The alliance will offer customers a seamless installation of Ford Charge Station Pro and Home Integration System for the all-electric F-150 Lightning pickup truck. It will offer a backup energy source by delivering power during a power outage by installing the “For Intelligent Backup Power” system. To Ford (NYSE: F), the strategic partnership offers it a reliable home EV Charging Station installer. To Sunrun (NASDAQ: RUN), it offers a chance to sell solar and rechargeable battery to all of Ford’s F-150 Lightening customers.
Range of the 2022 truck is 230 miles and it’s being targeted to sell to work-truck buyers and particularly to business and government fleets. It will have a starting price point of $40,000 — analysts in the industry see that as undercutting rivals. Ford (NYSE: F) Selects Sunrun (NASDAQ: RUN) To Be The “Preferred Installer” Of Home Charging Systems For Its New EV F-150 Lightning Electric Truck — First Time A Truck Manufacturer Has Chosen An Official EV Installer; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Active In Home And Commercial EV Charging Station Industry.
Ryan O’Gorman, Ford’s EV Manager, Strategic Partnerships, said, “Whether sheltering in a storm or trying to stay safe in a heat wave, customers can now use their truck to give themselves power when they need it most. F-150 Lightning is built for seamless transitions between charging your vehicle and powering your house when needed — and Ford is the first in the U.S. to offer this capability on an electric truck.” Ford (NYSE: F) Selects Sunrun (NASDAQ: RUN) To Be The “Preferred Installer” Of Home Charging Systems For Its New EV F-150 Lightning Electric Truck — First Time A Truck Manufacturer Has Chosen An Official EV Installer; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Active In Home And Commercial EV Charging Station Industry.
Lynn Jurich, Sunrun CEO and co-founder, added “We’re at the beginning stages of a partnership that can bring energy resilience to millions of Americans across the country.” The partnership also gives Sunrun (NASDAQ: RUN) a leg up on installations of solar and storage systems, stock analysts said. Ford (NYSE: F) Selects Sunrun (NASDAQ: RUN) To Be The “Preferred Installer” Of Home Charging Systems For Its New EV F-150 Lightning Electric Truck — First Time A Truck Manufacturer Has Chosen An Official EV Installer; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Active In Home And Commercial EV Charging Station Industry.
The Ford-Sunrun strategic partnership will give consumers/drivers more confidence they can find a charging station when they travel longer distances. President Biden sees 500,000 charging units serving a fleet of EV vehicles in public spaces. Word now from the U.S. Transportation Department is that $100 billion of that $2.3 trillion infrastructure money will be used to fund new rebates for all-electric, zero-emission cars, including $15 billion for more electric charging stations. The Federal government’s Biden administration is seeking $15 billion for more EV Charging Stations to install 500,000 units, including grants and incentive program. Biden envisions a fleet of some 600,000 federally-owned EV electric vehicles.
SIRC Is Already In The EV Charging Space
SIRC is already in the EV Charging Station space with its acquisition of Pacific Lighting Management (PLEMco), and it is looking an more potential EV Charging Station target companies for future takeovers. SIRC closed on the takeover of EV station firm Pacific Lighting Management or PLEMco for its new dedicated EV charging station division. Massey, CEO of SIRC said, “Getting into EV charging was a really big move for us.” Learn more about Pacific Lighting at http://www.pacltg.com/
SIRC has applied for a Department of Energy (DOE) $20-$40 million grant, it said in a ‘milestone’ letter to shareholders. David Massey, CEO of SIRC, said, “We recently applied for a Department of Energy grant, which could provide between $20-$40 million in funding to help support the build-out of dedicated electric vehicle (EV) charging solutions nationwide through our various operating brands.”
Additionally, the DOE is offering large dollar grants to support EV charging station installations Some of these are direct grants to companies such as Tesla (NASDAQ: TSLA) and General Motors (NYSE: GM) and others are to state governments which, in turn through their own organizations, offer incentives and rebates locally to EV charging station installation companies.
SIRC is focused on the green energy sector. SIRC earlier acquired solar installer Enerev LLC. To learn more, go to https://www.enerevsolar.com/getting-started. SIRC also reached agreement with Solectrac, Inc., an all-electric tractor developer and manufacturer located in Northern California. That company is now 24% owned by Ideanomics (NASDAQ: IDEX). and Solectrac is an applicant for a $500 million USTDA grant.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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